Wisconsin native, conservative critic of everything.
"Once abolish the God, and the government becomes the God." ---G K Chesterton
"The only objective of Liberty is Life" --G K Chesterton
"Fallacies do not cease to be fallacies because they become fashions" --G K Chesterton
"A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling

Friday, January 08, 2010

The Magic of Federal Spending

The System WORKED!!

...the labor force participation rate dropped to 64.6 percent in December from 64.9 percent in November, bringing it to the lowest level of the year. Some see this as a more accurate measure of the employment situation because it takes into account those who have given up looking for work because the job market was to weak, a segment of the population that is eliminated when calculating the headline unemployment number. There were 929,000 discouraged workers in December who gave up looking for work because they didn't think jobs were available.

Trust me, the situation is pretty bad. It's very difficult for teenage, semi-skilled kids to pick up part-time employment to earn college dough. VERY difficult. First time I've seen that in 20 years or so.